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SWFguy

H D F C Bank

Short
HDFC BANK (NSE:HDFCBANK)  
SWFguy  
NSE:HDFCBANK   HDFC BANK
Chart Patterns Technical Indicators Wave Analysis HDFCBANK HDFC squeezemomentum nse nifty50 bankingsector tradingviewindia
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chartpattern indicator waveanalysis hdfcbank hdfc squeezemomentum nse nifty50 bankingsector tradingviewindia
HDFC reached its ATH in Feb 21 at 1640.
Since then it has shed nearly 12% and is trading at 1440.
At the current levels it is forming a H&S pattern.
The Squeeze momentum indicator, MACD, RSI , Stochastics all are signaling a continued drop in prices. My immediate target is 1350.
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